FMO, the Dutch entrepreneurial development bank, is pleased to announce a EUR 30 million bilateral loan facility to Garanti Finansal Kiralama A.Ş. (Garanti Leasing), one of Türkiye's leading leasing institutions and a subsidiary of Garanti BBVA.
The five-year facility is fully dedicated to financing eligible green investments, including renewable energy, energy efficiency, and other sustainable assets across Türkiye. By increasing access to long-term finance, the facility will help businesses invest in technologies that improve productivity, strengthen resource efficiency, and support the country's transition to a lower-carbon economy.
FMO’s financing will enable Garanti Leasing to further expand its green asset portfolio while providing much-needed long-term foreign currency funding to Turkish businesses. With a strong focus on SMEs, Garanti Leasing plays an important role in supporting investment, competitiveness and sustainable growth across Türkiye’s real economy.
The transaction also contributes to Garanti Leasing's sustainability ambitions and supports Garanti BBVA's commitment to mobilize TRY 3.5 trillion in sustainable finance by 2029, and marks the renewal of a relationship that began in 2017.
Ruhi Cosgun, Regional Manager Financial Instituitons ECA MENA at FMO, commented: "Access to long-term financing is essential for businesses looking to invest in the technologies and assets needed for a more sustainable future. Through this Green Facility, we are supporting Garanti Leasing in expanding financing for renewable energy, energy efficiency, and other climate-focused investments across Türkiye. By working with a strong local partner, we aim to help businesses, including SMEs, improve their productivity and resilience while contributing to the country's climate transition.”
Orhan Veli Çaycı, CEO of Garanti Leasing, commented: “Sustainability is an integral part of our approach to financing the real economy. This new facility with FMO strengthens our ability to support businesses investing in renewable energy, energy efficiency and resource-efficient technologies, while further diversifying our long-term funding base. We are pleased to build on our longstanding partnership with FMO and to continue supporting investments that contribute to Türkiye’s green transition.”
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About Garanti Leasing
Garanti Finansal Kiralama A.Ş. (Garanti Leasing) is one of Türkiye's leading leasing institutions, with more than 35 years of operating history. The company provides leasing solutions to corporate, commercial, and SME clients across a broad range of sectors, including manufacturing, transportation, construction, energy, and agriculture. Garanti Leasing also has a strong and growing focus on sustainable finance, supporting investments in renewable energy, energy efficiency, and climate-related assets.
Garanti Leasing is a highly integrated subsidiary of Garanti BBVA, one of Türkiye's leading banking groups and part of the BBVA Group.
About FMO
FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of EUR ~16 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit www.fmo.nl
